http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 28 Apr 2017 12:27:24 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Lithium Australia NL and partner reveal drilling success in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/176893/lithium-australia-nl-and-partner-reveal-drilling-success-in-mexico-176893.html Lithium Australia NL (ASX:LIT) and Alix Resources (TSX:V AIX) have intersected two intervals of +1,000 parts per million lithium on the Agua Fria target, of the Electra Project in Mexico.

The target sediments are similar in origin to the neighbouring La Ventana deposit, operated by Bacanora Minerals and thought to be the largest lithium “clay” deposit yet identified.

Adrian Griffin, managing director, commented: "The maiden drill results demonstrate a target of great significance.

"These results, together with the outcome of the preliminary metallurgical tests, indicate the robustness of the lithium style mineralisation at our Mexican JV holdings."


Drilling program

More news will flow from the joint venture in the near term, as five holes for 627 meters have been completed.

Initial tests undertaken on trench samples from Agua Fria indicate the lithium is contained within a small fraction of the mass of the target material.

This provides good potential to increase plant feed grades by separating the lithium bearing component.


Equity structure

The current equity structure has Lithium Australia with 49%, and Alix Resources Corporation with 51%.

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Wed, 26 Apr 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176893/lithium-australia-nl-and-partner-reveal-drilling-success-in-mexico-176893.html
<![CDATA[News - Lithium Australia NL locks down Queensland tenure ]]> http://www.proactiveinvestors.com.au/companies/news/176699/lithium-australia-nl-locks-down-queensland-tenure-176699.html Lithium Australia NL (ASX:LIT) has had three of its four exploration permits granted at the 1,000 square kilometre Amber Project located in North Queensland.

The Amber region shows all of the geological hallmarks associated with many of the world’s predominant lithium provinces.
Lithium exploration will initially concentrate at the historical recording of pegmatite and greisen hosted tin, tungsten, and fluorite occurrence.

Adrian Griffin, managing director, commented: ”Lithium Australia has identified North Queensland as a region with the optimum geological history to host major lithium deposits.

“Amber adds significantly to our Queensland portfolio and further strengthens our Australian exploration portfolio.

“Our advanced exploration techniques are proving invaluable in Mexico, where we are drilling at the moment, and we will be applying much of the knowledge gained, to our domestic exploration activities.”

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Fri, 21 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176699/lithium-australia-nl-locks-down-queensland-tenure-176699.html
<![CDATA[News - Lithium Australia NL granted lithium tenements in Gascoyne ]]> http://www.proactiveinvestors.com.au/companies/news/176556/lithium-australia-nl-granted-lithium-tenements-in-gascoyne-176556.html Lithium Australia NL (ASX:LIT) has been granted title to substantial areas prospective for lithium mineralisation in the Gascoyne Province of Western Australia.

Five exploration licences which make up the Gascoyne Project lie along strike and adjacent to the Nardoo Pegmatite District.

Known lithium, rubidium, and niobium geochemical anomalies as well as tantalum, tungsten and tin occurrences occur within the Gascoyne Project.

These have not been explored in recent times and will be the focus of preliminary geological reconnaissance.
Adrian Griffin, managing director, commented: “The Gascoyne has many of the attributes of Western Australia’s other emerging lithium centres.

“The area has been a focus of past rare metal exploration, but its lithium potential has been ignored.

“The project is an important part of LIT’s long-term strategy to procure alternative lithium sources to feed its versatile, 100% owned Sileach™ processing technology.”

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and is the 100% owner of the Sileach™ and LieNa™ processes.

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Wed, 19 Apr 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176556/lithium-australia-nl-granted-lithium-tenements-in-gascoyne-176556.html
<![CDATA[News - Lithium Australia NL moves closer to finalising on Lepidico takeover ]]> http://www.proactiveinvestors.com.au/companies/news/176332/lithium-australia-nl-moves-closer-to-finalising-on-lepidico-takeover-176332.html Lithium Australia NL's (ASX:LIT) takeover bid for Lepidico (ASX:LPD) continues to advance, with LIT advising of a Notice of Status of Defeating Conditions.

The take-over offer is currently scheduled to close on Tuesday, 18 April 2017, unless extended or withdrawn.

The off-market scrip bid of A$23.8 million is for all of the fully paid shares in Lepidico.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.

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Wed, 12 Apr 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176332/lithium-australia-nl-moves-closer-to-finalising-on-lepidico-takeover-176332.html
<![CDATA[News - Lithium Australia NL commences next phase of funded study ]]> http://www.proactiveinvestors.com.au/companies/news/176328/lithium-australia-nl-commences-next-phase-of-funded-study-176328.html Lithium Australia NL (ASX:LIT) has commenced Phase 2 test work of the “Solution purification and valuable byproducts formation during the production of battery-grade lithium” project.

The project, known as MRIWA Project M479 is with Venus Metals (ASX:VMC) and funded with research grants from the Western Australian state government.

The program commenced in late 2016 where Phase 1 focused on fundamental controls of Sileach™ process chemistry.

Sileach™ is a lithium extraction process owned by Lithium Australia.

The second phase will focus on optimisation and alternatives to add further value to the process.

Furthermore, process optimisation studies, sole funded by Lithium Australia, continue outside the scope of the project.

Where appropriate, results from these external research modules will be incorporated into future plant design.

Adrian Griffin, managing director, commented:

"Lithium Australia is proud to be at the forefront of global innovation and pleased to be sponsored by both the state government of Western Australia and the Australian federal government.

"Processing technology of this type has been sadly neglected in the lithium industry and at Lithium Australia we see the development of such technologies being of national importance – something that will establish Australia as the focus of the energy revolution."

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Tue, 11 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176328/lithium-australia-nl-commences-next-phase-of-funded-study-176328.html
<![CDATA[News - Lithium Australia NL wraps up heritage survey in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/176186/lithium-australia-nl-wraps-up-heritage-survey-in-western-australia-176186.html Lithium Australia NL (ASX:LIT) has completed the Aboriginal Heritage Surveys its Ravensthorpe lithium prospects in Western Australia.

The prospects included Horseshoe and Deep Purple, where no sites of cultural significance were found within the prospect area.

The survey was the last approval required before the planned costeaning and reverse circulation drilling programs planned for the near future.

Horseshoe hosts an Exploration Target of 900,000 tonnes of lithium mineralisation at a minimum grade of 1%.

Adrian Griffin, managing director, commented:

"Exploration success at Ravensthorpe adds significant potential to our regional portfolio that has recently been strengthened by the recent airborne geophysical surveys at Lake Johnston.

"The identification of abundant lithium pegmatites at Ravensthorpe is of great significance as long since realised by Galaxy Resources, at nearby Mt Cattlin.

"The Ravensthorpe pegmatites host a diversity of lithium minerals, including lepidolite, spodumene and zinnwaldite.

"These minerals are easily processed to produce battery-grade lithium chemicals using Lithium Australia’s Sileach™ process."

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Mon, 10 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176186/lithium-australia-nl-wraps-up-heritage-survey-in-western-australia-176186.html
<![CDATA[News - Lithium Australia commences due diligence on German asset ]]> http://www.proactiveinvestors.com.au/companies/news/176044/lithium-australia-commences-due-diligence-on-german-asset-176044.html Lithium Australia (ASX: LIT) continues to advance its joint venture with Tin International, focused on Germany.

LIT has commenced due diligence on the Sadisdorf project, which is part of a package of tenements under the agreement.

Work will initially focus on the historic Sadisdorf tin mine where pervasive greisens are known to contain abundant lithium mineralisation in the form of zinnwaldite, a mineral ideally suited to processing with LIT’s 100% owned Sileach™ process.

Sileach™ is a lithium extraction technology.


Next steps

The joint venture aims to extend and upgrade the existing Sadisdorf JORC Inferred Resource of 3.36 million tonnes at 0.44% tin at a cut-off of 0.25% tin, and to delineate a lithium resource which is anticipated to be associated with the tin mineralisation.

LIT said that the tin orebody is thought to contain the order of 15% zinnwaldite.

This is a prime target for supply of lithium into the European battery industry.


Analysis

The joint venture with Tin International provides Lithium Australia with a low-cost entry into an established JORC Resource albeit originally established for tin.

Next steps will be followed closely to observe the potential for lithium.

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Thu, 06 Apr 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176044/lithium-australia-commences-due-diligence-on-german-asset-176044.html
<![CDATA[News - Lithium Australia NL commences drilling for lithium clays in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/175967/lithium-australia-nl-commences-drilling-for-lithium-clays-in-mexico-175967.html Lithium Australia NL (ASX:LIT) has commenced a 3,000 metre drill program at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The Agua Fria target has been traced 5 kilometres along strike, and has exposed widths of over 800 metres.

Adrian Griffin, managing director, commented: “The Agua Fria target has very significant potential, as demonstrated by Baconora Minerals which has established the world’s largest lithium clay resource, nearby and in the same geological sequence.

“Beneficiation will be a key element in creating a positive commercial outcome, and preliminary work is underway to evaluate how best that can be achieved.”


Drill program details

The drilling program is being undertaken by local drilling contractors utilising a track mounted reverse circulation drill rig that provides good mobility.

The planned duration of the drilling campaign is 44 days.

Laboratory assays will be conducted in Mexico and metallurgical evaluation will be undertaken in Nevada.
Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.

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Wed, 05 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/175967/lithium-australia-nl-commences-drilling-for-lithium-clays-in-mexico-175967.html
<![CDATA[News - Lithium Australia NL advancing Lepidico take-over offer ]]> http://www.proactiveinvestors.com.au/companies/news/175637/lithium-australia-nl-advancing-lepidico-take-over-offer-175637.html Lithium Australia NL (ASX:LIT) has freed its off-market takeover offer for Lepidico (ASX:LPD) from the defeating conditions set out in the bidder’s statement.

The take-over offer is currently scheduled to close on Tuesday, 18 April 2017, unless extended or withdrawn.

Lithium Australia has released its first supplementary bidder’s statement pursuant to section 647(3)(b) of the Corporations Act.
All parties to the pre-bid acceptance agreements have now accepted the offer under the takeover bid.

Lithium Australia has also received additional acceptances from other Lepidico shareholders.

Accordingly, as of 29 March 2017, Lithium Australia has received acceptances in relation to 17.86% of the Lepidico shares.

This will make Lithium Australia the largest single shareholder in Lepidico.

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Thu, 30 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175637/lithium-australia-nl-advancing-lepidico-take-over-offer-175637.html
<![CDATA[News - Lithium Australia NL to drill for lithium clays in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/175252/lithium-australia-nl-to-drill-for-lithium-clays-in-mexico-175252.html Lithium Australia NL (ASX:LIT) will commence drilling later this month at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The planned drill program is for 3,000 metres which will to provide coverage over a 5 kilometre strike of the mineralised zone.

Initial indications from trench samples are that lithium minerals account for less than 50% by weight, of typical mineralized zones allowing for significant beneficiation potential.

Adrian Griffin, managing director, commented: “The region offers great lithium potential, as has been demonstrated nearby, by Bacanora Minerals (CVE:BCN).”


The target zone

The target zone at Agua Fria consists of lithium clays and is shallow dipping, exposed over widths of up to 800 metres and over a strike length of ~5 kilometres.

Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.

In preparation for drilling, 24 samples obtained through shallow trenching at Agua Fria have been examined to determine:

- Mineralogy;
- Lithium distribution;
- Lithium grade;
- Scope for beneficiation; and
- By-product potential.

Initial indications are that lithium minerals account for less than 50% by weight, of typical mineralized zones.

This may allow significant beneficiation potential allowing the production of higher grade concentrates, prior to processing, subsequently reducing operating costs.

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Thu, 23 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175252/lithium-australia-nl-to-drill-for-lithium-clays-in-mexico-175252.html
<![CDATA[News - Lithium Australia NL’s subsidiary snaps up graphite assets in Madagascar ]]> http://www.proactiveinvestors.com.au/companies/news/175096/lithium-australia-nls-subsidiary-snaps-up-graphite-assets-in-madagascar-175096.html Lithium Australia NL’s (ASX: LIT) subsidiary, BlackEarth Minerals NL, has acquired the exploration rights to Capricorn Metals (ASX:CMM) Madagascan graphite assets

Due diligence by independent geologists describe the project as highly prospective for large-scale, high-quality graphite deposits.

The deal further strengthens the company's growing graphite and lithium portfolio.

BlackEarth is fully-funded to complete ASX listing requirements in the first half of 2017.


Project details

The tenements cover 175 square kilometres, encompassing two project areas named Maniry and Ianapera.

These projects are at an advanced evaluation stage.

The location is in close proximity to Energizer Resources Inc’s (TSX:EGZ) feasibility stage Molo Graphite Project.

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Tue, 21 Mar 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175096/lithium-australia-nls-subsidiary-snaps-up-graphite-assets-in-madagascar-175096.html
<![CDATA[News - Lithium Australia NL outlines key date in takeover bid ]]> http://www.proactiveinvestors.com.au/companies/news/174419/lithium-australia-nl-outlines-key-date-in-takeover-bid-174419.html Lithium Australia NL (ASX:LIT) has advised that the date set by the company for the purpose of determining the Lepidico (ASX:LPD) shareholders to whom the Bidder’s Statement will be sent is 3 March 2017.

LIT recently outlined a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in Lepidico.

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

LIT wholly-owns the Sileach™ and LieNa™ processes.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.


Analysis

Driven by rising demand from new era Li-ion battery manufacturers, the combined entities would be able to offer a wide range of lithium technology solutions to match specific lithium deposits.

A combined group would be able to offer both Sileach™ and L-Max in the world’s most active jurisdiction for lithium, Western Australia, and be able to optimise emerging commercial opportunities for lithium projects worldwide.

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Wed, 08 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174419/lithium-australia-nl-outlines-key-date-in-takeover-bid-174419.html
<![CDATA[News - Lithium Australia NL grows its stake in Lepidico ]]> http://www.proactiveinvestors.com.au/companies/news/174166/lithium-australia-nl-grows-its-stake-in-lepidico-174166.html Lithium Australia NL (ASX:LIT) now holds circa 311 million shares, of 17.76% of fellow Western Australian lithium play Lepidico (ASX:LPD).

LIT recently outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in Lepidico.

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

LIT wholly-owns the Sileach™ and LieNa™ processes.

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Fri, 03 Mar 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174166/lithium-australia-nl-grows-its-stake-in-lepidico-174166.html
<![CDATA[News - Lithium Australia's technology to enhance European lithium opportunity ]]> http://www.proactiveinvestors.com.au/companies/news/173855/lithium-australia-s-technology-to-enhance-european-lithium-opportunity-173855.html Lithium Australia NL (ASX:LIT) and Tin International AG, a subsidiary of Deutsche Rohstoff AG (ETR:DR0), have entered into a binding memorandum of understanding to form a joint venture.

The partnership will include the key asset of the Sadisdorf deposit, located in Saxony, Germany.

The goal is to extend and upgrade the existing Inferred JORC Resource of: 3.36 million tonnes at 0.44% tin, and to delineate a lithium resource which is anticipated to be associated with the tin mineralisation.

Lithium Australia said that the tin orebody is thought to contain in the order of 15% zinnwaldite.

Zinnwaldite is a lithium mica very easily treated with the Sileach™ process.

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and is the 100% owner of the Sileach™ and LieNa™ processes.

Adrian Griffin, managing director for Lithium Australia, commented:

"Sadisdorf has mine openings, historic tin production and a well identified lithium halo through and around the JORC Resource.

"This is a great opportunity to establish a substantial lithium resource to feed a Sileach™ processing facility in Europe."


Consideration

Lithium Australia has the right to earn 15% of the to be established company by spending EUR 750,000 on exploration until the end of 2017.

Alternatively the company can elect to pay the outstanding amount in cash to Tin International by year-end.

By investment of a further EUR 1.25 million over a 3-year period Lithium Australia has the right to further increase its interest in the joint venture company to 50%.

After the completion of this “earn-in” period, the partners equally bear the project development costs or are diluted accordingly.

Tin International will receive a one-off payment of EUR 200,000 in LIT shares and EUR 50,000 in cash.

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Tue, 28 Feb 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173855/lithium-australia-s-technology-to-enhance-european-lithium-opportunity-173855.html
<![CDATA[News - Lithium Australia NL in an open playing field after litigation settlement ]]> http://www.proactiveinvestors.com.au/companies/news/173761/lithium-australia-nl-in-an-open-playing-field-after-litigation-settlement-173761.html Lithium Australia NL (ASX:LIT) has settled by mutual agreement litigation that has resulted in Lithium Australia retaining three enforceable and valid licence agreements for the L-Max® lithium extraction process.

The three licence agreements are with Li-Technology Pty Ltd being the exclusive L-Max Licence for Western Australia, International Licence No.1 and International Licence No.2.

It has also been agreed that the 100% Lithium Australia owned Sileach™ process is not an improvement, enhancement or modification of the L-Max® process.
As a result of these positive outcomes, Li-Technology has withdrawn its counterclaim against Lithium Australia.

Adrian Griffin, managing director commented: “We are pleased with the outcome which allows Lithium Australia to pursue its strategy of building a global lithium business without unnecessary distractions or legal impediments.

“We can now continue with the business of delivering further positive results for our shareholders.”


Background

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ and LieNa™ processes.

The company has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia aspires to create the union between resources and the best available technology to establish a global lithium processing business.


Analysis

The settlement is a positive outcome from Lithium Australia and paves the way for commercialising its Sileach™ process without legal impediment.

This also benefits the company’s partners including Pilbara Minerals (ASX:PLS) and the recently listed Metalstech (ASX:MTC).

Metalstech, who holds a Sileach™ licence for operation in Quebec, debuted on the ASX last Friday closing at a premium of 35% from its $0.20 issue price.

Pilbara Minerals has an agreement to work with Lithium Australia to commercialise Sileach™ for use on spodumene concentrates from Pilgangoora.

The settlement also provides a significant benefit for the company in Western Australia, where it now has the potential to dominate local lithium chemical processing, outside conventional roast-leach processes.

The company will be largely in an open playing field, with little competition on the processing front, particularly with the unconventional lithium feeds such as mica.

Shares are up 13% through the morning’s trading, currently priced at $0.165.

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Mon, 27 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173761/lithium-australia-nl-in-an-open-playing-field-after-litigation-settlement-173761.html
<![CDATA[News - Lithium Australia NL advancing Sileach™ patent application ]]> http://www.proactiveinvestors.com.au/companies/news/173418/lithium-australia-nl-advancing-sileach-patent-application-173418.html Lithium Australia NL (ASX:LIT) filed an international patent application under the Patent Cooperation Treaty on 9 February 2017 relating to its Sileach™ lithium extraction process.

The patent is entitled “Process for extracting and recovering lithium values from lithium bearing materials”.

The application has been allocated application number PCT/AU2017/050104 and is entitled to claim a priority date of 9 February 2016.

The Sileach™ process is but one of the processes in the company’s arsenal when it comes to assessing, and then matching the best process for each specific ore type, local conditions and infrastructure.

Adrian Griffin, managing director, commented: “Lithium Australia considers its strategy of controlling its own feed-source and process as essential to the protection of its business and its shareholders. The Sileach™ process is a critical component of this strategy.”


Background

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ and LieNa™ processes.

The company has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia aspires to create the union between resources and the best available technology to establish a global lithium processing business.


Recent takeover bid

Lithium Australia recently outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico (ASX:LPD).

The basis of the offer will be one Lithium Australia share for every 13.25 Lepidico shares.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world, as well as holding multiple lithium processing technologies for treating both spodumene and mica mineralogies.

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Mon, 20 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173418/lithium-australia-nl-advancing-sileach-patent-application-173418.html
<![CDATA[News - Lithium Australia NL files an international patent ]]> http://www.proactiveinvestors.com.au/companies/news/173033/lithium-australia-nl-files-an-international-patent-173033.html Lithium Australia NL (ASX:LIT) has filed an international patent application entitled “Process for extracting and recovering lithium values from lithium bearing materials” under the Patent Cooperation Treaty on 9 February 2017 relating to its Sileach™ process.

Adrian Griffin, managing director, commented:

"Lithium Australia considers its strategy of controlling its own feed-source and process as essential to the protection of its business and its shareholders.

"The Sileach™ process is a critical component of this strategy."


Patent details

The international patent application has been allocated application number PCT/AU2017/050104 by the PCT Receiving Office and is entitled to claim a priority date of 9 February 2016.

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Mon, 13 Feb 2017 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173033/lithium-australia-nl-files-an-international-patent-173033.html
<![CDATA[News - Lithium Australia NL launches A$23.8M takeover of Lepidico ]]> http://www.proactiveinvestors.com.au/companies/news/172648/lithium-australia-nl-launches-a238m-takeover-of-lepidico-172648.html Lithium Australia NL (ASX:LIT) has outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico (ASX:LPD).

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia and Lepidico have a similar business strategy, and both have excellent exploration projects and development prospects.

"It is the synergies in aspirations and assets that make combining the two companies the perfect opportunity for all shareholders.

"The combined entity is likely to be significantly more attractive for investors and financiers as well as a global leader in lithium processing at a time of unprecedented lithium demand."


The offer

The offer is a 13% premium to the prices of both companies at close of trading on ASX on Friday 3 February 2017 and is at a 9% premium based on the 10 day VWAP of both companies.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world, as well as holding multiple lithium processing technologies for treating both spodumene and mica mineralogies.


Shareholder support

LIT has entered into agreements with Lepidico shareholders currently holding 17.87% who have agreed to accept the bid in the absence of a higher bid.


Analysis

Driven by rising demand from new era Li-ion battery manufacturers, the combined entities would be able to offer a wide range of lithium technology solutions to match specific lithium deposits.

A combined group would be able to offer both Sileach™ and L-Max in the world’s most active jurisdiction for lithium, Western Australia, and be able to optimise emerging commercial opportunities for lithium projects worldwide.

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Mon, 06 Feb 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172648/lithium-australia-nl-launches-a238m-takeover-of-lepidico-172648.html
<![CDATA[News - Lithium Australia NL makes maiden move to South Australia ]]> http://www.proactiveinvestors.com.au/companies/news/172325/lithium-australia-nl-makes-maiden-move-to-south-australia-172325.html Lithium Australia NL (ASX:LIT) has expanded its Australia-wide lithium search by lodging applications for ground prospective for lithium on Kangaroo Island in South Australia.

The application adds to the company’s strong domestic lithium holdings throughout Western Australia, Northern Territory and Queensland.

Continued national research identified the prospective 27 square kilometre application located 100 kilometres southwest of Adelaide.

A small mining claim which covers the abandoned Dudley Mine area, a collection of shallow pits and shafts in the pegmatite, lies within the application.

Previous exploration has focused on kaolin and gem quality tourmaline with no exploration for lithium being recorded.

Adrian Griffith, managing director, commented:

"The South Australia campaign adds to Lithium Australia’s strong and expanding project suite and technological alliances over 2017 with private and government stakeholders alike as well as its 100% ownership of the versatile Sileach™ processing technology and access to a number of other leading technologies."

Lithium Australia is trading up 30% over the past month, currently priced at $0.195.

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Mon, 30 Jan 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172325/lithium-australia-nl-makes-maiden-move-to-south-australia-172325.html
<![CDATA[News - Lithium Australia NL takes advantage of data to identify lithium ]]> http://www.proactiveinvestors.com.au/companies/news/172258/lithium-australia-nl-takes-advantage-of-data-to-identify-lithium-172258.html Based on the new 50 metre line spaced data, the majority of the known lithium-tantalum bearing pegmatites are coincidental with ring-like, potassium radiometric anomalies.

Pegmatite outcrops defined through satellite imagery interpretation and field reconnaissance, confirm that many of the pegmatite outcrops are circular in outcrop and are possibly related to late-stage ring fractures.

It is further interpreted that the low to moderate amplitude potassium anomalies without any rock expression are related to shallowly buried pegmatites.

Adrian Griffin, managing director, commented: “Lithium Australia continues to develop its outstanding lithium exploration projects to ensure an accessible pipeline of potential lithium feed.

“We are encouraged by these initial Lake Johnston survey results and are pleased with our collaboration with Poseidon and Lefroy.”

The survey was completed in collaboration with neighbouring tenement holders Poseidon Nickel (ASX:POS) and Lefroy Exploration (ASX:LEX), who also hold some nickel and gold rights in the area.

Lithium Australia shares are trading up 40% over the past month, currently priced at $0.19.

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Fri, 27 Jan 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172258/lithium-australia-nl-takes-advantage-of-data-to-identify-lithium-172258.html
<![CDATA[News - Lithium Australia exceeds quality production specifications for lithium carbonate ]]> http://www.proactiveinvestors.com.au/companies/news/171704/lithium-australia-exceeds-quality-production-specifications-for-lithium-carbonate-171704.html Lithium Australia (ASX:LIT) has put the company's Sileach™ process in the hydrometallurgical limelight having exceeded quality specifications for the production of lithium carbonate.

Operations undertaken at ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation) have demonstrated the production of battery grade lithium carbonate.

The lithium carbonate feed was produced by Lithium Australia’s Sileach™ pilot plant, processing ore from Lepidolite Hill in Western Australia.

The refinement of the lithium carbonate produced during piloting was undertaken using a bicarbonate – carbonate re-precipitation approach, widely adopted in the lithium chemicals industry.

The quality of the lithium carbonate meets or exceeds the specification of battery grade lithium carbonate produced by one of the world’s largest suppliers of lithium chemicals, FMC Lithium.


Adrian Griffin, managing director, commented:

"We have demonstrated the ability to process complex lithium ores, without the requirement of the traditional and expensive roasting step.

"We anticipate generating similar ground-breaking results with the production of lithium carbonate from Pilbara Minerals’ Pilgangoora spodumene concentrates, later this month."


Analysis

The production of high-quality carbonate demonstrates the ability to produce commercial products from a range of silicate materials, some of which are not commonly processed to produce lithium chemicals, due to limitations in existing processing routes.

This outstanding result is a significant prelude to continuous Sileach™ pilot plant operations on spodumene concentrates from Pilbara Minerals’ (ASX:PLS) Pilgangoora project.

More details are expected by the end of the month.

Shares in Lithium Australia last traded at $0.185, or about one-third higher than the start of 2017.

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Tue, 17 Jan 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171704/lithium-australia-exceeds-quality-production-specifications-for-lithium-carbonate-171704.html
<![CDATA[News - Lithium Australia advances recycling plans for technology metals ]]> http://www.proactiveinvestors.com.au/companies/news/171644/lithium-australia-advances-recycling-plans-for-technology-metals-171644.html The company would do this by applying processes with a low-energy footprint, and with minimal exposure to mining costs.

Lithium Australia will evaluate the logistic chain from “cradle to grave” to determine the deportment of all components of lithium ion batteries and develop a strategy to maximise the recovery of all materials used in the products at the end of their useful life.

Adrian Griffin, managing director, commented: "We see a lot of waste in the mining industry as a consequence of imposing high cutoff grades to lithium deposits.

"This is not sustainable and Lithium Australia is developing the technologies to rectify the situation.

"We see the recycling of batteries in a similar light.

"Legislative changes, on a global basis, are likely to force industry into more responsible recycling programs and Lithium Australia is positioning itself to become part of the solution."

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Mon, 16 Jan 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171644/lithium-australia-advances-recycling-plans-for-technology-metals-171644.html
<![CDATA[News - Lithium Australia NL and partner test lithium samples from Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/171577/lithium-australia-nl-and-partner-test-lithium-samples-from-mexico-171577.html Agua Fria is part of the Electra Project, located in Sonora, Mexico.

Twenty four samples obtained through shallow trenching to define: Mineralogy; Lithium distribution; Lithium grade; Scope for beneficiation; By-product potential and Grade of by-products.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia and our partner, Alix Resources, are pleased to have progressed the project to the key metallurgical testing stage.

"The region offers great lithium potential, as has been demonstrated nearby, by Baconora Minerals.

"Working closely with Kappes Cassiday and Associates, we will use our past experience for the benefit of the project, to develop the best possible commercial outcome.

"The application of the best available processing technology is the key to success and we plan to use that key, not only on the Electra Project, but also on other lithium clay opportunities."

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Fri, 13 Jan 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171577/lithium-australia-nl-and-partner-test-lithium-samples-from-mexico-171577.html
<![CDATA[News - Lithium Australian NL trademark application accepted for LieNa™ ]]> http://www.proactiveinvestors.com.au/companies/news/171056/lithium-australian-nl-trademark-application-accepted-for-liena-171056.html Lithium Australia NL (ASX:LIT) has had its trademark application for its 100% owned  LieNA™ lithium extraction process accepted for registration.

The process extracts lithium from spodumene in a caustic solution.

The company is also in the process of commercialising the Sileach™ lithium extraction process, which is currently being trialled in pilot plant operations in New South Wales.

Lithium Australia continues to fund research and development to unlock novel ways to extract lithium from host rock and ensure the best process is used for each individual ore-body.

Adrian Griffin, managing director, commented:

"Lithium Australia’s research and development is critical to its business strategy where it will match the most appropriate lithium extraction process to ensure that each resource can be processed in the most economic way."


Project portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; Donnelly River; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: Growing interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).


Electra project

Lithium Australia is earning a 49% stake in the Electra project at Sonora in northwest Mexico, and has an option to extend that to 65% from project owner, Canada’s Alix Resources Corp (AIX-TSX:V).

This continued research and development will be critical in developing an economic extraction process for its Electra Project.

Lithium Australia and its joint venture partner continue planning to drill at the Electra Project which is located in close proximity to Bacanora’s Sonora project which is currently the world’s largest lithium clay resource.

Early signs are promising for the joint venture partners, with a third of samples from lithium-rich clay layers in October 2016 Agua Fria discovery, assaying above 1,000 parts per million (ppm) lithium.

The lithium clay horizons now extend around 4.5 kilometres along strike and indicators of up to 800 metres in width.

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Tue, 03 Jan 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171056/lithium-australian-nl-trademark-application-accepted-for-liena-171056.html
<![CDATA[News - Lithium Australia NL encouraged by initial Lake Johnston survey results ]]> http://www.proactiveinvestors.com.au/companies/news/170997/lithium-australia-nl-encouraged-by-initial-lake-johnston-survey-results-170997.html LIT holds the lithium rights on the LEX Lake Johnston Project.

The survey area covered areas of the Lake Johnston Greenstone Belt where the Maggie Hays Formation has been intruded by lithium-tantalum bearing pegmatites.

Previous airborne geophysics was not detailed enough to understand the geological and structural setting of the pegmatites.

LIT said based on the current 400 metre line spaced data, pegmatites in LIT’s project areas are interpreted to be associated with broad magnetic highs which are faulted.

In addition, the known lithium-tantalum occurrences lie on or proximal to a potassium anomalous ring structure.

The completed 50 metre line spaced aeromagnetic and radiometric survey will help to clarify the structural setting of the mineralisation.

The survey was completed in collaboration with Lefroy who holds the gold and nickel rights over E63/1777.

Further exploration activities are planned for 2017.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia continues to develop its outstanding lithium exploration projects to ensure an accessible pipeline of potential lithium feed.

"We are encouraged by these initial Lake Johnston survey results and are pleased with our collaboration with Lefroy Exploration Ltd."

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Thu, 29 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170997/lithium-australia-nl-encouraged-by-initial-lake-johnston-survey-results-170997.html
<![CDATA[News - Lithium Australia NL has success in spodumene pilot plant trial ]]> http://www.proactiveinvestors.com.au/companies/news/170901/lithium-australia-nl-has-success-in-spodumene-pilot-plant-trial-170901.html On Wednesday 21 December 2016, ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation) ran a 24 hour commissioning trial treating spodumene concentrate via the Sileach™ process.

The trial ran successfully, with the pilot plant operating well at the target operating conditions.

This has confirmed the suitability of the pilot plant for the upcoming trial.

Further continuous piloting operations are planned for January 2017.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia continues to lead the industry in the development of advanced lithium processing technology.

"The continuous hydrometallurgical treatment of spodumene successfully demonstrates the ability to extract lithium from the mainstream hard-rock deposits without the requirement of roasting.

"Commercialisation of the Sileach™ process provides enormous potential for the lithium industry and for Lithium Australia."

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Fri, 23 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170901/lithium-australia-nl-has-success-in-spodumene-pilot-plant-trial-170901.html
<![CDATA[News - Lithium Australia updates on pilot plant testing of Pilbara Minerals spodumene ]]> http://www.proactiveinvestors.com.au/companies/news/170831/lithium-australia-updates-on-pilot-plant-testing-of-pilbara-minerals-spodumene-170831.html This run was part of LIT and PLS’s joint efforts toward commercialisation of Sileach™ on Pilgangoora concentrates.

In an update, Adrian Griffin, managing director for LIT, commented:

"It is unfortunate a minor equipment failure interrupted the commissioning program.

"We are fortunate, given the time of year, ANSTO Minerals ensured that components were readily available to affect the repair which should see us complete the commissioning process before the festive season."

Further continuous piloting operations are planned for January 2017.

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Thu, 22 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170831/lithium-australia-updates-on-pilot-plant-testing-of-pilbara-minerals-spodumene-170831.html
<![CDATA[News - Lithium Australia NL testing Pilbara Minerals' spodumene concentrates ]]> http://www.proactiveinvestors.com.au/companies/news/170568/lithium-australia-nl-testing-pilbara-minerals-spodumene-concentrates-170568.html A 24-hour commissioning run of the Sileach™ circuit is planned to commence 16th December on spodumene concentrates supplied by Pilbara Minerals (ASX:PLS), as part of LIT and PLS’s joint efforts toward commercialisation of Sileach™ on Pilgangoora concentrates.

Further continuous piloting operations are planned for January 2017.

Adrian Griffin for Lithium Australia, commented: “Sileach is the only hydrometallurgical process capable of recovering lithium from spodumene.

"The ability to achieve that without roasting, is a big step forward for Lithium Australia, and more broadly, the lithium industry.

"The escalating availability of spodumene concentrates makes efficient processing of such material an environmental imperative for the energy revolution and we believe Sileach is the solution."

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Fri, 16 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170568/lithium-australia-nl-testing-pilbara-minerals-spodumene-concentrates-170568.html
<![CDATA[News - Lithium Australia NL shareholders priority MetalsTech IPO now open ]]> http://www.proactiveinvestors.com.au/companies/news/170446/lithium-australia-nl-shareholders-priority-metalstech-ipo-now-open-170446.html Lithium Australia NL (ASX:LIT) is inviting its shareholders to participate in the initial public offer (IPO) of MetalsTech Limited through a priority offer.

MetalsTech is seeking to raise up to $6 million through the issue of up to 30 million shares priced at $0.20.

Lithium Australia shareholders on the register as at 15 December 2016 have been set aside 5 million shares in the IPO pursuant to the priority offer.

MetalsTech was formed to identify, fund, acquire, explore and develop high grade hard rock lithium projects in Quebec, Canada.

The partnership with MetalsTech provides Lithium Australia with significant equity and technology leverage across six highly prospective hard rock lithium projects in Quebec.


Indicative timetable

The indicative dates for the IPO are as follows:

- 24 November 2016: Lodgement of prospectus;
- 15 December 2016: Priority offer record date;
- 21 December 2016: Offer closes;
- 24 December 2016: Priority offer closes; and
- 30 January 2017: Expected date for quotation on ASX.


Background

MetalsTech has an existing partnership and collaboration agreement with Lithium Australia with relation to its Sileach and LieNa processes as well as to further development of lithium extraction technology specific to the spodumene at the MetalsTech projects.

MetalsTech has assembled a strong board and management team with significant Canadian specific experience and a track record in discovering resource deposits.

Funds raised under the IPO will allow the company to accelerate exploration at its portfolio of six lithium project in Quebec.

A recent exploration program at the Cancet Lithium Project and the Adina Lithium Project has confirmed the presence of high grade lithium from channel sampling from surface. 

Recent samples from Cancet returned grade of up to 3.79% lithium oxide from surface.

MetalsTech currently plans to immediately follow up with a detailed drilling program at each project with an aim to further advance these high priority projects.


Quebec

Quebec is an attractive jurisdiction in which to pursue exploration and mining activities and has been consistently ranked in the top 10 mining jurisdictions globally by the Fraser Institute.

It boasts clear and transparent mining regulations, well-developed infrastructure including road, rail and port as well as very low-cost power from one of the world’s largest hydro-electricity operations.

Quebec has a history of hard rock lithium production and has a track record in not only permitting new lithium mines, but co-investing alongside private enterprise through Investissement Quebec, a Quebec government funded initiative.

All-in-all it is a mining friendly jurisdiction that has demonstrated strong support for the lithium revolution.

Quebec also offers ready access to Asia and Europe via its numerous deep-water ports.

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Wed, 14 Dec 2016 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170446/lithium-australia-nl-shareholders-priority-metalstech-ipo-now-open-170446.html
<![CDATA[News - Lithium Australia advances commercialisation of Sileach™ process ]]> http://www.proactiveinvestors.com.au/companies/news/170290/lithium-australia-advances-commercialisation-of-sileach-process-170290.html Lithium Australia (ASX:LIT) has advanced commercialisation of the revolutionary Sileach™ process for the recovery of lithium from silicates, by committing to engineering design.

The commercial development of the Sileach™ process involves progressive de-risking and demonstration of the ability to scale up from laboratory tests through to commercial production.


What is the Sileach™ process?

The Sileach™ process is designed to recover lithium and other metals from any silicate, including spodumene, lithium micas, petalite, amphiboles, pyroxenes, tourmalines etc.

The award of engineering design to CPC Engineering has propelled Lithium Australia along the path to commercialisation.

CPC Engineering will provide LIT with engineering design, capital cost estimates, operating cost estimates and comparative logistic costs of a number of Western Australian sites.

Design studies will commence in December 2016 and will be an integral part of LIT’s decision process to proceed with plant construction.

The Sileach™ process is undergoing independent development and testing with the company's partners ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation).


Adrian Griffin, managing director for LIT, commented:

"The progression from the first laboratory tests, to awarding the engineering contract has all been encapsulated in 2016, the most progressive year in Lithium Australia’s history.

"The commitment of our partners at ANSTO Minerals and Murdoch University, and support by grants from the federal and state governments has been paramount in this development.

"The decision to award the engineering contract to CPC Engineering retains much of the financial and intellectual property benefit in Western Australia, and maintains our scheduled target for commercialisation of the Sileach™ process."


The next steps

LIT and ANSTO have scheduled further pilot testing later this month and in January 2017 to process spodumene concentrates from Pilbara Minerals’ Pilgangoora deposit.

Work has commenced at Murdoch University, funded by a research grant from the Minerals Research Institute of Western Australia.

That work will focus on impurity deportment, and maximising the value of by-product credits.

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Mon, 12 Dec 2016 12:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170290/lithium-australia-advances-commercialisation-of-sileach-process-170290.html
<![CDATA[News - Lithium Australia NL and partner leap out of starting box in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/170156/lithium-australia-nl-and-partner-leap-out-of-starting-box-in-mexico-170156.html Lithium Australia NL (ASX:LIT) is earning a 49% stake Electra project at Sonora in northwest Mexico, and has an option to extend that to 65% from project owner, Canada’s Alix Resources Corp (AIX-TSX:V).

The early signs are very promising for the joint venture partners, with a third of new samples from lithium-rich clay layers in October 2016 Agua Fria discovery, assay above 1,000 parts per million (ppm) lithium.

The lithium clay horizons now extend around 4.5 kilometres along strike and indicators of up to 800 metres in width.

The partners are planning maiden drilling in the March quarter 2017.

Adrian Griffin, managing director for LIT, commented:

"Fertile clays, within the geological environment of Electra, generally exhibit low lithium grades so to get these remarkable, in excess of 1,000 ppm results, is significant so early in a new project’s life span.

"Grades in the range of 100-200 ppm lithium may be considered to be anomalous but grades in excess of 1,000ppm are often included in resource calculations, so Agua Fria has literally leapt out of the starting blocks on data known to date.

"The drilling outcomes however, will be the real determinant of this prospect’s true potential at depth."


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; Donnelly River; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: Growing interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Thu, 08 Dec 2016 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170156/lithium-australia-nl-and-partner-leap-out-of-starting-box-in-mexico-170156.html
<![CDATA[News - Lithium Australia NL to get priority for shareholders in upcoming IPO ]]> http://www.proactiveinvestors.com.au/companies/news/169568/lithium-australia-nl-to-get-priority-for-shareholders-in-upcoming-ipo-169568.html Lithium Australia NL (ASX:LIT) will give its shareholders priority in the upcoming proposed MetalsTech Ltd initial public offering.

MetalsTech has an interest in six lithium projects located in Quebec, Canada.

Shareholders on the Lithium Australia register as of today will be able to bid for up to 5 million shares set aside on a first come, first served basis.

Allocations will be subject to availability and the MetalsTech directors’ absolute discretion.

Adrian Griffin, managing director, commented: "Lithium Australia has maintained a policy of creating real value for shareholders.

"The MetalsTech priority offer gives Lithium Australia shareholders a priority entitlement to gain exposure to one of the great hard rock lithium provinces – Quebec Canada – which is emerging as a principal building block in the supply chain for the ‘lithium revolution’."

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Mon, 28 Nov 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169568/lithium-australia-nl-to-get-priority-for-shareholders-in-upcoming-ipo-169568.html
<![CDATA[News - Lithium Australia NL closes SPP, thanks loyal shareholders ]]> http://www.proactiveinvestors.com.au/companies/news/168979/lithium-australia-nl-closes-spp-thanks-loyal-shareholders-168979.html Eligible shareholders were able to acquire between $2,000 and $15,000 worth of fully paid ordinary shares without incurring brokerage or any other transaction costs, irrespective of the size of their shareholding.

The offer was priced at $0.18 and current indications are that shareholders have subscribed to an estimated 15% of the facility available.

Adrian Griffin, managing director, commented: “Lithium Australia recognises it is often difficult for retail investors to take advantage from discounted capital raisings which, in the most part, remain the realm of sophisticated and professional investors. 

“This SPP has given participants the opportunity to buy at a discount to market and without brokerage. It is a continuation of our policy to reward our very supportive and valued shareholder base.

“We appreciate the response from our loyal shareholders.”

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Tue, 15 Nov 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168979/lithium-australia-nl-closes-spp-thanks-loyal-shareholders-168979.html
<![CDATA[News - Lithium Australia NL adds Donnelly River graphite to growing portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/168967/lithium-australia-nl-adds-donnelly-river-graphite-to-growing-portfolio-168967.html Lithium Australia NL (ASX:LIT) has revealed the grant to the company of Exploration Licence 70/4825 in the Donnelly River area in Western Australia.

This complements the recent grant of Exploration Licence 70/4824.

Earlier in the year, LIT advised divestment of its graphite assets to Graphite Australia NL, currently a wholly owned subsidiary.

LIT intends to extend a priority entitlement in the proposed float of Graphite Australia NL early in 2017.

Adrian Griffin, managing director, commented: "Graphite Australia NL is well advanced in preparing its significant graphite portfolio for public listing. The recent appointment of Tom Revy to head Graphite Australia is a great advantage."


Donnelly River

The Donnelly River Project is located in the far southwest of Western Australia, immediately to the north and northwest of the regional town of Manjimup.

The Donnelly River area has a long history of small scale graphite mining dating back to 1904.

Graphite was exploited from two locations at various times between 1904 and 1943.

Donnelly River, originally known as Graphite Hill, from which most production has occurred, is within a 120m wide schist zone in meta-sedimentary gneisses.

Exploration in the area during the 1980s yielded grades of up to 30%.

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Tue, 15 Nov 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168967/lithium-australia-nl-adds-donnelly-river-graphite-to-growing-portfolio-168967.html
<![CDATA[News - Lithium Australia NL continues quest to build globally significant footprint ]]> http://www.proactiveinvestors.com.au/companies/news/168845/lithium-australia-nl-continues-quest-to-build-globally-significant-footprint-168845.html Lithium Australia NL (ASX:LIT) is now the 100% owner of the Greenbushes lithium project which is adjacent to the globally significant lithium mine owned by Talisman Lithium.

The Greenbushes area, 200 kilometres south of Perth, hosts the world’s largest lithium mine which currently produces circa 40% of global lithium supply.

Lithium Australia will now use its advanced exploration techniques to target sites for further evaluation within the Greenbushes project.

Initial phases of exploration have already commenced.

Adrian Griffin, managing director, commented: “While Lithium Australia is building a portfolio of lithium exploration and development projects across Australia, there is no doubt the southwest region of Western Australia is not just highly prospective but has a long and proven record in lithium mining.

“To therefore secure such a large tenement package in close proximity to known mined reserves and resources, as well as regional mining infrastructure and expertise, certainly reflects the intensity of our business strategy to evolve over the near-term as both project developer and leading lithium processing technologist.”


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).


Phase 2 in Mexico gets green light

The company’s joint venture partner at the Electra project in Mexico, Alix Resources, has now accepted the Phase 2 proposed budget.

This will initiate a drilling program at its newly discovered Agua Fria site within Electra containing lithium-rich clay formations.

Electra is being targeted for interpreted extensions of the lithium-bearing clays that extend from the Sonora Lithium Project.

Sonora is one of the world's largest lithium resources held in joint venture between Bacanora Minerals Ltd (CVE:BCN) and Rare Earth Minerals plc (LON:REM).

Highlights of the Agua Fria discovery include:
- Significant lithium-rich clay layers identified southwest of the large Tule Concession within the Electra lithium project;
- Clay horizons traced for 4.5 kilometres on strike, with indications of width attaining over 800 metres;
- Apparent thickness of target layers reaching 20-30 metres; and
- Assays up to 1,190ppm lithium and additional assays are pending.

The Electra Project is presently owned 25% by Lithium Australia and 75% by Alix Resources.

Lithium Australia may earn up to 65% by contributing to various project expenditures and making progress payments in cash and shares.

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Fri, 11 Nov 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168845/lithium-australia-nl-continues-quest-to-build-globally-significant-footprint-168845.html
<![CDATA[News - Lithium Australia NL in world-first ]]> http://www.proactiveinvestors.com.au/companies/news/168835/lithium-australia-nl-in-world-first-168835.html The company first revealed its collaborative agreement, to develop LIBS technology for geochemical applications, with US based SciAps Inc (SciAps), in December 2014.

Since that time LIT and SciAps have worked together to develop a practical means of achieving real-time lithium geochemical assays with equipment designed and manufactured by SciAps.

The first results were reported to the market earlier in the month, with LIT demonstrating good correlation in field trials, when compared with other field techniques.

LIT will now extend its LIBS technology research, with SciAps, to process control applications.

Adaption of LIBS technology to this function may provide a significant edge in laboratory testing, pilot plant studies and ultimately in the production environment.

LIBS process control applications will be evaluated during the course of pre-feasibility process studies, soon to be commenced by LIT as part of the commercialisation of its proprietary Sileach™ process technology.

More extensive soil geochemical applications will be implemented in the near future.

Adrian Griffin, managing director for LIT, commented:

"Any breakthrough for a hand-held product would reduce exploration costs and time and potentially lift discovery rates and turnaround times on analysing potential new deposits.”

"Such an outcome will deliver the first ever practical means of locating lithium
pegmatites using real-time and hand-held systems able to generate geochemical
analysis out in the field.

"This approach will enable high-resolution geochemical programs to be undertaken rapidly, reduce reliance on more expensive and timeconsuming exploration techniques and significantly reduce our exploration costs for the discovery of lithium pegmatites."

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Fri, 11 Nov 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168835/lithium-australia-nl-in-world-first-168835.html
<![CDATA[News - Lithium Australia NL advises official commencement of the MRIWA Project ]]> http://www.proactiveinvestors.com.au/companies/news/168714/lithium-australia-nl-advises-official-commencement-of-the-mriwa-project-168714.html The title of the project is "MRIWA Project M479 - Solution purification and valuable by-products formation during the production of battery-grade lithium."

Along with LIT, this collaboration includes MRIWA, Venus Metals Corporation Ltd (ASX: VMC) and importantly Murdoch University, which is renowned for world-class research with real-world impact.

Adrian Griffin, managing director, commented:

"It is gratifying to see the formal commencement of the MRIWA project, which dovetails with other research being undertaken by Lithium Australia, at Murdoch University, and of course our continuing program with ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation).

"Government support has enabled Lithium Australia to build partnerships that provide some of the world’s best expertise to advance its Sileach™ process – the only hydrometallurgical process with the ability to recover lithium from all silicates."

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Wed, 09 Nov 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168714/lithium-australia-nl-advises-official-commencement-of-the-mriwa-project-168714.html
<![CDATA[News - Lithium Australia NL extends Share Purchase Plan ]]> http://www.proactiveinvestors.com.au/companies/news/168647/lithium-australia-nl-extends-share-purchase-plan-168647.html LIT said that it wants to ensure that all shareholders have the opportunity to participate.

Adrian Griffin, managing director, commented: “Lithium Australia has maintained a policy of creating real value for shareholders.

"The company has achieved this by fostering shareholder support through bonus issues of contributing shares.

"The currently listed series of contributing shares, LITCE, has traded as high as $0.065 representing a considerable dividend to those shareholders that were eligible for the bonus.

"Lithium Australia recognises it is often difficult for retail investors to take advantage from discounted capital raisings which, in the most part, remain the realm of sophisticated and professional investors.

"This SPP has given participants the opportunity to buy at a discount to market and without brokerage.

"It is a continuation of our policy to reward our very supportive and valued shareholder base.

"We appreciate the response from our loyal shareholders and extend that opportunity."


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill;
Greenbushes; Lake Johnston; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Tue, 08 Nov 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168647/lithium-australia-nl-extends-share-purchase-plan-168647.html
<![CDATA[News - Lithium Australia NL identifies new anomaly at Seabrook ]]> http://www.proactiveinvestors.com.au/companies/news/168519/lithium-australia-nl-identifies-new-anomaly-at-seabrook-168519.html Lithium Australia NL (ASX:LIT) has used its experience in geochemical modelling of prospective lithium terrains to identify a new lithium target within the Seabrook Rare Metals Venture in Western Australia.

The joint venture owned 80% by Lithium Australia consists of six exploration licences located on the shores of Lake Seabrook, 10 kilometres from the town of Koolyanobbing.

Hand-held laser induced breakdown spectroscopy (LIBS) was used to compare real-time lithium spectral data, with various geochemical signatures generated with field portable XRF equipment.

Results show conclusively that the pattern of lithium anomalism reflects the extent of measured alkali metal anomalism which in this area is a good pathfinder for lithium.

Adrian Griffin, managing director, commented: “Lithium Australia has worked with SciAps, for some time, to perfect the use of LIBS technology in geochemical applications.

“The extension of technique to the real-time control of drilling in lithium clays, is a breakthrough that should reap immediate financial benefits, by maximizing the effectiveness of our first round of drilling in Mexico.”


Taking the technique to other projects

LIBS technology provides a convenient means of rapid, real-time, assessment of lithium for reconnaissance geochemical surveys.

The success of the LIBS lithium geochemical modelling has led to more extensive evaluation for immediate use on the 25% owned Electra lithium clay project in Mexico.

A SciAps Z300 machine has been calibrated using a wide grade range of lithium clays generated from recent sampling.

Real-time data will be used to maximize the benefit of drilling, scheduled to commence in the near future.


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Fri, 04 Nov 2016 11:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168519/lithium-australia-nl-identifies-new-anomaly-at-seabrook-168519.html
<![CDATA[News - Lithium Australia NL updates on Cinovec Project ]]> http://www.proactiveinvestors.com.au/companies/news/168509/lithium-australia-nl-updates-on-cinovec-project-168509.html Lithium Australia NL (ASX: LIT) has provided an update on the Cinovec Project L-Max Licence Agreement.

LIT had previously sought and obtained an exclusive L-Max Licence for potential use in the Cinovec Project and also for other projects, as may be nominated by LIT (Cinovec Licence).

That licence was issued by Strategic Metallurgy Pty Ltd and the beneficial ownership subsequently ceded to Platypus Minerals Ltd (ASX:PLP).

LIT has lodged an application seeking a number of declarations from the WA Supreme Court including:

1. The current agreements remain valid and enforceable; and
2. A declaration that the Sileach™ process does not infringe the proprietary rights of the owner of the L-Max Process.

LIT said that it will keep the market informed as to status of this application.

Adrian Griffin, managing director, commented:

"Lithium Australia will enforce its contractual rights, especially its exclusive right to use L-Max in Western Australia.

"LIT will also enforce its rights under the relevant intellectual property legislation with respect to its ownership of the halogen based Sileach™ process.
"The unique Sileach™ chemistry was developed to ensure all lithium bearing silicates could be treated without roasting.

"The Sileach process remains the only process capable of that achievement."

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Fri, 04 Nov 2016 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168509/lithium-australia-nl-updates-on-cinovec-project-168509.html
<![CDATA[News - Lithium Australian NL’s Sileach™ process to fuel industrial revolution ]]> http://www.proactiveinvestors.com.au/companies/news/168113/lithium-australian-nls-sileach-process-to-fuel-industrial-revolution-168113.html Lithium Australia NL (ASX:LIT) has produced 6 kilograms of 99% lithium carbonate concentrate using its proprietary lithium extraction process, Sileach.

A second continuous pilot plant was operated from 10-13 October 2016 by ANSTO Minerals.

This follows the initial pilot plant operations from 12-17 September 2016 which successfully extracted lithium from lepidolite ore from its Lepidolite Hill project in Western Australia.

The second pilot plant campaign processed purified liquor generated in the first campaign and involved evaporation, recovery of lithium carbonate and recovery of potassium sulphate.

Lithium Australia aspires to create the union between resources and the best available technology and to establish a global lithium processing business.


Adrian Griffin, managing director, commented:

“Lithium Australia’s goal is to establish a low cost lithium production profile – similar to the brine producers.

“We are very pleased with the results as reported by ANSTO Minerals, Australia’s pre-eminent expert in lithium extraction technology. 

“This is another step in de-risking the commercialization of the halogen based Sileach™ process.”


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill;
Greenbushes; Lake Johnston; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Thu, 27 Oct 2016 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168113/lithium-australian-nls-sileach-process-to-fuel-industrial-revolution-168113.html
<![CDATA[News - Lithium Australia NL continues to build lithium war chest ]]> http://www.proactiveinvestors.com.au/companies/news/167886/lithium-australia-nl-continues-to-build-lithium-war-chest-167886.html Lithium Australia NL (ASX:LIT) continues to add to its portfolio of lithium prospects by discovering lithium bearing pegmatites at its Lake Johnston project in Western Australia.

Rock chip samples grading up to 3.94% lithium oxide were identified during reconnaissance exploration.

The pegmatites also contained rubidium and caesium mineralisation.

The company recently consolidated lithium rights at Lake Johnston with Lefroy Exploration Ltd (ASX:LEX).

Adrian Griffin, managing director, commented:

“Lake Johnston has the right geological environment to produce abundant lithium pegmatites – it has large, fertile granites, adjacent to country rocks that have the most prospective physical characteristics for pegmatite emplacement.

“It is not surprising that our initial examination has revealed very prospective lithium pegmatites.”


Exploration results

Five lithium prospects have been identified to date at Lake Johnston being Whitten, Bulldog, Boundary, Trackside, and Floyd.

Twenty one rock-chip samples were collected and submitted for assay.

Highlights from rock chip assays included 3.03% lithium oxide, 3.84% lithium oxide, 3.62% lithium oxide, 3.34% lithium oxide and 3.94% lithium oxide.

The pegmatites are lepidolite rich but also contain a number of other lithium minerals, including zinnwaldite which, in some cases, contains high levels of caesium.

The configuration is similar to a number of other Western Australia pegmatite occurrences, including the recently discovered Earl Grey lithium deposit by Kidman Resources Ltd (ASX:KDR) located 70 kilometres away.

Similar discoveries have also been reported in the area by Poseidon Nickel Ltd (ASX:POS).


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill;
Greenbushes; Lake Johnston; and Widgiemooltha projects; 
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Tue, 25 Oct 2016 11:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167886/lithium-australia-nl-continues-to-build-lithium-war-chest-167886.html
<![CDATA[News - Lithium Australia NL partners with MetalsTech Ltd in Quebec ]]> http://www.proactiveinvestors.com.au/companies/news/167607/lithium-australia-nl-partners-with-metalstech-ltd-in-quebec-167607.html Lithium Australia NL (ASX:LIT) has signed a strategic partnership agreement with MetalsTech Ltd, which is developing a number of lithium projects in Quebec, Canada.

MetalsTech will have an exclusive right to use Lithium Australia’s proprietary lithium extraction technologies.

The partnership will provide Lithium Australia with significant equity and technology leverage across six prospective hard rock lithium projects in Quebec.

Adrian Griffin, managing director, commented:

“The Strategic Partnership Agreement with MetalsTech provides Lithium Australia with the opportunity to become a shareholder in a company controlling seven projects in one of the world’s most rapidly emerging lithium pegmatite provinces.

“In the longer term, licensing arrangements with MetalsTech provides potential for significant royalty income.

“Lithium Australia’s shareholders also have the opportunity to directly participate through a priority allocation in the MetalsTech IPO.”


Key partnership terms

Under the Strategic Partnership Agreement, MetalsTech will have the exclusive right to use and apply LIT’s proprietary lithium extraction technologies (including Sileach and LieNA processes) for the processing of spodumene concentrate from MTC’s lithium projects, within Quebec.

Pursuant to the Strategic Partnership Agreement, Lithium Australia will have the following interests:

- 1 million MetalsTech shares;
- 1 million MetalsTech shares for entering into the Strategic Partnership Agreement
- Lithium Australia will be issued with up to a further 4 million shares and 3 million MetalsTech options subject to various performance milestones;
- a 2% gross revenue royalty on any products that are produced by MetalsTech using the proprietary lithium extraction technologies; and
- Lithium Australia shareholders will also be allocated a $1 million priority offer in MetalsTech’s upcoming IPO.

MetalsTech recently acquired LiGeneration Ltd, in which Lithium Australia was an early seed shareholder.


Lake Johnston area lithium consolidation

Lithium Australia has today completed a transaction with newly listed Lefroy Exploration Ltd (ASX:LEX), which provides the company access to most of the Lake Johnston lithium pegmatite field in Western Australia.

Lithium Australia has issued 9 million shares to Lefroy Exploration Ltd for the lithium rights.

Lefroy has issued 3 million shares to Lithium Australia for the gold and nickel rights.


Lefroy re-listed on the ASX today.

Once exploration access arrangements are finalised, Lithium Australia will commence field work on the tenements.

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Wed, 19 Oct 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167607/lithium-australia-nl-partners-with-metalstech-ltd-in-quebec-167607.html
<![CDATA[News - Lithium Australia and partner reveal potential in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/167397/lithium-australia-and-partner-reveal-potential-in-mexico-167397.html Near the Tule Concession (part of Electra), a significant lithium rich clay deposits has been identified.

The new lithium-clay discovery and the recently applied for Agua Fria concession will comprise a portion of the Electra Project, which at present is owned 25% by LIT and 75% by Alix.

LIT may earn up to 65% by contributing to various project expenditures and making progress payments in cash and shares.

Adrian Griffin, CEO for Lithium Australia, commented: “The significance of high lithium tenors in the initial samples should not be underestimated.

"We are very optimistic about the direction we are headed with Alix and look forward to exploration success as the program unfolds."

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Fri, 14 Oct 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167397/lithium-australia-and-partner-reveal-potential-in-mexico-167397.html
<![CDATA[News - Lithium Australia moves to continuous production of lithium carbonate ]]> http://www.proactiveinvestors.com.au/companies/news/167257/lithium-australia-moves-to-continuous-production-of-lithium-carbonate-167257.html Lithium Australia NL (ASX:LIT) is a dedicated developer of disruptive lithium extraction technologies.

The company has commenced piloting for continuous production of lithium carbonate under the second stage of the new test program at the Sileach™ pilot plant in Sydney, operated by ANSTO Minerals.

The step-up to “continuous” lithium carbonate production commenced in the past 24 hours and followed the initial pilot scale extraction of lithium from pegmatite ore sourced from Lepidolite Hill.

Lepidolite Hill is located 15 kilometres south of Coolgardie in Western Australia.


Next steps

The second stage of pilot testing will recover lithium carbonate, and potassium salts from solutions generated during the previous pilot plant test.

Lithium carbonate is used in lithium-ion batteries and potassium salts, which are valuable by-products of the process, are used as a major component of fertiliser.

Adrian Griffin, managing director, commented:

"Pilot testing the Company’s 100% owned Sileach™ process at the ANSTO Minerals has been very successful to date, extracting over 95% of the lithium.

"We anticipate very good results for the carbonate production step as the initial solutions are largely devoid of impurities."

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Wed, 12 Oct 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167257/lithium-australia-moves-to-continuous-production-of-lithium-carbonate-167257.html
<![CDATA[News - Lithium Australia NL launches retail raising for lithium technology ]]> http://www.proactiveinvestors.com.au/companies/news/166988/lithium-australia-nl-launches-retail-raising-for-lithium-technology-71377.html Lithium Australia NL (ASX:LIT) is a dedicated developer of disruptive lithium extraction technologies, and the company has today launched a share purchase plan which could raise up to $12.64 million before expenses.

Eligible shareholders can acquire between $2,000 up to a maximum of $15,000 of fully paid ordinary shares without incurring brokerage or any other transaction costs, irrespective of the size of their shareholding.

The offer is priced at $0.18, which represents a 14% discount to the recently average traded price.


Adrian Griffin, managing director, commented:

"Lithium Australia has maintained a policy of creating real value for shareholders. The company has achieved this by fostering shareholder support through bonus issues of contributing shares.

"The currently listed series of contributing shares, LITCE, closed yesterday at 6.4 cents representing a considerable dividend to those shareholders that were eligible for the bonus.

"Lithium Australia recognises it is often difficult for retail investors to take advantage from discounted capital raisings which, in the most part, remain the realm of sophisticated and professional investors.

"With that in mind, we have decided to offer those shareholders on the register, at the close of business on 5 October 2016, the opportunity to expand their holdings at a discount to market, by way of this SPP invitation.

"The issue will give participants the opportunity to buy at a discount to market and without brokerage."


Break-through from Sileach™ pilot plant

The company recently achieved exceptional lithium extraction results from its six-day pilot plant program testing its 100% owned Sileach™ lithium extraction process.

Testing has been conducted at the ANSTO Minerals facility in New South Wales and 650 kilograms of ore was processed.

The campaign produced a purified lithium-containing liquor, devoid of impurities.

This purified liquor will be processed through to high-purity lithium carbonate in a second pilot campaign in the near future.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 06 Oct 2016 09:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166988/lithium-australia-nl-launches-retail-raising-for-lithium-technology-71377.html
<![CDATA[News - Lithium Australia NL receives break-through from Sileach™ pilot plant ]]> http://www.proactiveinvestors.com.au/companies/news/166866/lithium-australia-nl-receives-break-through-from-sileach-pilot-plant-71327.html Lithium Australia NL (ASX:LIT) has achieved exceptional lithium extraction results from its six-day pilot plant program testing its 100% owned Sileach™ lithium extraction process.

Testing has been conducted at the ANSTO Minerals facility in New South Wales and 650 kilograms of ore was processed.

The campaign produced a purified lithium-containing liquor, devoid of impurities.

This purified liquor will be processed through to high-purity lithium carbonate in a second pilot campaign in the near future.

Adrian Griffin, managing director, commented: “Plant performance could not have been better.

“The results show that exceptional lithium extractions can be achieved without the need for fine grinding, or the production of clean concentrates.”


Pilot plant details

The pilot plant was fed continuously from 12-17 September 2016, treating ore from the 40% owned Lepidolite Hill project in Western Australia.

The pilot plant consisted of leaching and impurity removal circuits.

Extraction of lithium using the Sileach™ process exceeded 95% in the leach circuit, validating both the overall extraction and accelerated rate of extraction of lithium achieved in the laboratory test work program.

The performance in the impurity removal circuits was comparable with the laboratory test work program, producing a liquor suitable for further processing.

The operation of the pilot plant was robust and provided valuable materials handling and additional engineering design data for Lithium Australia’s Sileach™ process.


Next steps

Lower-grade spodumene concentrates of 4.5% lithium oxide from Pilbara Minerals Ltd’s (ASX:PLS) Pilgangoora project, will be processed in one of the subsequent test runs.

Lithium Australia is intentionally concentrating on the lower-grade, hard rock products, from which no other processes can recover lithium commercially.

The supply of spodumene concentrate by Pilbara Minerals is part of a prior agreement.

Subject to the success of pilot testing of concentrates, the parties agreed to establish the Sileach™ Joint Venture (SJV) with the aim of developing a commercial Sileach™ processing plant.


Analysis

Advancing to processing spodumene from Pilgangoora is a key milestone for commercialising the Sileach™ lithium extraction process.

The deal with Pilbara Minerals creates the opportunity to establish a commercial lithium chemical processing plant in Port Hedland.

Testing at the ANSTO Minerals facility using feed from Lepidolite Hill to date has proved successful

The material processed was not subjected to pre-concentration but still achieved outstanding performance with minimal feed preparation.

These are key parameters for processing at low cost.

Results continue to indicate that Sileach™ provides significant processing advantages and has the potential to be a valuable processing technology.


Lithium Australia portfolio

Lithium Australia now has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill;
Greenbushes; Lake Johnston; and Widgiemooltha projects; 
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN) and Venus Metals Corporation Limited (ASX:VMC).

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 04 Oct 2016 08:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166866/lithium-australia-nl-receives-break-through-from-sileach-pilot-plant-71327.html
<![CDATA[News - Lithium Australia NL prepares to spin out graphite assets in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/165223/lithium-australia-nl-prepares-to-spin-out-graphite-assets-in-western-australia-70937.html Lithium Australia NL (ASX:LIT) is preparing to divest its Western Australian graphite assets as part of an initial public offer on the Australian Stock Exchange.

The spin out will be a pure graphite play called Graphite Australia NL.

Graphite Australia NL has five graphite projects and has recently been granted two exploration licences at one of these projects, Greenhills.

Two experienced Western Australian mining business identities Tom Revy, and George Bauk will drive the proposed public offer.

All Lithium Australia shareholders will be offered a priority entitlement to share subscriptions under the public offer.


Greenhills

The Greenhills Project consists of two applications E70/4811 and E70/4812 having a combined area of 56 square kilometres.

The applications cover a number of historic graphite occurrences which have not been subject to
evaluation by advanced exploration techniques.

Historical tests from the area revealed a graphitic zone contained 8.7% total graphitic carbon and circa 10% of the flake graphite exceeded 600 microns in diameter, which is considered jumbo sized.


Sileach™ pilot plant testing

Lithium Australia recently commenced pilot testing of its 100% owned lithium extraction process, Sileach™, at the ANSTO Minerals facility in New South Wales.

The first test will consist of a 24 hour commissioning run of the circuit.

The results will then be examined prior to commencing continuous operations in about two weeks.

Pilot testing will lead to a decision being made to proceed with construction of a larger-scale pilot plant, for which Port Hedland is currently the preferred location.

Lithium Australia recently won its second grant, this time from the federal government to support the commercialisation of its Sileach™ process.


Definitive feasibility study

Data generated from operating the large-scale pilot plant will be used for feasibility investigations into the construction of a full-scale commercial Sileach™ processing plant.

In the event of a positive outcome of the definitive feasibility study, a joint venture between the company and Pilbara Minerals Ltd (ASX:PLS) will advance to commercial production, including finance and construction, on a 50/50 basis.

The study is due for completion in Q4, 2016 which will lead to deciding whether to proceed to a continuous, site-based pilot plant in Q1, 2017.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 09 Sep 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165223/lithium-australia-nl-prepares-to-spin-out-graphite-assets-in-western-australia-70937.html
<![CDATA[News - Lithium Australia NL begins Sileach™ pilot plant testing ]]> http://www.proactiveinvestors.com.au/companies/news/165222/lithium-australia-nl-begins-sileach-pilot-plant-testing-70796.html Lithium Australia NL (ASX:LIT) has commenced pilot testing of its 100% owned lithium extraction process, Sileach™, at the ANSTO Minerals facility in New South Wales.

The first test will consist of a 24 hour commissioning run of the circuit.

The results will then be examined prior to commencing continuous operations in about two weeks.

Pilot testing will lead to a decision being made to proceed with construction of a larger-scale pilot plant, for which Port Hedland is currently the preferred location.

Lithium Australia recently won its second grant, this time from the federal government to support the commercialisation of its Sileach™ process.


Pilot plant feed

The feed material for the first pilot plant test run will be a lithium silicate called trilithionite, sourced from the Lepidolite Hill project in Western Australia.

Lithium Australia NL has a 40% interest in Lepidolite Hill alongside Cazaly Resources Ltd (ASX:CAZ) owning 40% and Focus Minerals (ASX:FML) owning 20%.

Pilbara Minerals Limited (ASX:PLS) has supplied spodumene concentrates for further continuous
pilot testing.

The supply of spodumene concentrate is part of an agreement with Pilbara Minerals.

Subject to the success of pilot testing of concentrates, the parties have agreed to establish the Sileach Joint Venture (SJV) with the aim of developing a commercial Sileach™ processing plant.


Definitive feasibility study

Data generated from operating the large-scale pilot plant will be used for feasibility investigations into the construction of a full-scale commercial Sileach™ processing plant.

In the event of a positive outcome of the definitive feasibility study, the SJV will advance to commercial production, including finance and construction, on a 50/50 basis.

The study is due for completion in Q4, 2016 which will lead to deciding whether to proceed to a continuous, site-based pilot plant in Q1, 2017.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 Sep 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165222/lithium-australia-nl-begins-sileach-pilot-plant-testing-70796.html
<![CDATA[News - Lithium Australia NL wins second funding grant for Sileach™ process ]]> http://www.proactiveinvestors.com.au/companies/news/165221/lithium-australia-nl-wins-second-funding-grant-for-sileach-process-70750.html Lithium Australia NL (ASX:LIT) has won its second grant, this time from the federal government to support the commercialisation of its Sileach™ lithium extraction process.

The $50,000 of funding will assist with laboratory scale optimisation carried out by its partner ANSTO Minerals.

The Sileach™ process is designed to recover lithium from silicates without the expensive roasting step.

Lithium Australia expects to start pilot plant trials for Sileach™ at the ANSTO Minerals facility in the coming weeks.

The upcoming initial pilot test work will provide key data in evaluating the commercial future and value of the Sileach™ process.

Adrian Griffin, managing director, commented:

“Lithium Australia’s Sileach™ process has the potential to catapult Australia into the forefront of the lithium battery boom by supplying optimal grade and purity material from low-energy production of lithium chemicals.”


Agreement with Pilbara Minerals

Lithium Australia made an agreement with Pilbara Minerals Ltd (ASX:PLS) who will supply spodumene concentrate for a pilot testing phase.

Subject to the success of pilot testing of concentrates, the parties have agreed to establish the Sileach Joint Venture (SJV) with the aim of developing a commercial Sileach™ processing plant.

Obligations of the parties as per the agreement are as follows:

Initial pilot tests at ANSTO Minerals:

- LIT will cover the capital cost of pilot testing;
- PLS will supply the required spodumene concentrates for testing; and
- Operating costs for the tests will be split 50/50.

Large-scale pilot testing:

- Plant designed to produce commercial lithium carbonate and recover by-products;
- LIT to cover capital cost of the plant;
- PLS to provide the spodumene concentrates; and
- Costs to be recovered as follows, firstly recovering capital costs; secondly recovering operating costs; and thirdly, paying PLS cost price for the spodumene concentrate.


Definitive feasibility study

Data generated from operating the large-scale pilot plant will be used for feasibility investigations into the construction of a full-scale commercial Sileach™ processing plant.

In the event of a positive outcome of the definitive feasibility study, the SJV will advance to commercial production, including finance and construction, on a 50/50 basis.


Next steps for Sileach™

The next steps on the timeline to commercialise the Sileach™ process are:

- Finalising construction of the pilot plant with ANSTO (Q3 2016);
- Operating the pilot plant (Q3-Q4 2016);
- Completing the study (Q4 2016); and
- Deciding whether to proceed to a continuous, site-based pilot plant (Q1 2017).


Lithium Australia portfolio

Lithium Australia now has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill;
Greenbushes; Lake Johnston; and Widgiemooltha projects; 
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: A 25% interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN) and Venus Metals Corporation Limited (ASX:VMC).

 

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Wed, 31 Aug 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165221/lithium-australia-nl-wins-second-funding-grant-for-sileach-process-70750.html